Plan Ledger DOL Form 5500 · updated monthly

The Institute for Family Health403(b)

THE INSTITUTE FOR FAMILY HEALTH RETIREMENT PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.57%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

The Institute for Family Health reported $198,518 in plan administrative expenses for 2024: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,161 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.91% to 0.57%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 1,628th-largest of 5,648 plans among New York employers on file, and the 2,284th of 11,911 in health care & social assistance. In 2024, employees put in $3.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$38,899,149
Participants with balances1,595
Active participants1,348
Employer contributions$1,565,141
Employee contributions$4,792,249
Employer contribution per active participant$1,161
Average account balance$24,388
Benefits paid to participants$2,060,174
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$38.9M · 1,595 accts · $1.6M emplr
2023$30.4M · 1,570 accts · $1.6M emplr
2022$21.3M · 1,913 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$131,729
Investment management$6,920
Total administrative$198,518
The The Institute for Family Health 401(k) match · 2024
Employer contribution per active participant$1,161
Median for plans this size$2,416
2024$1,161 per active participant
2023$1,132 per active participant
2022$1,003 per active participant

The Institute for Family Health's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
MUTUAL OF AMERICA SEC. CORP LLC · Recordkeeping · Loan processing$191,598
WILSHIRE ASSOCIATES · Named fiduciary$6,920

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$198,518 · 0.57%
2023$186,952 · 0.72%
2022$190,492 · 0.91%
Same employer
Similar plansHealth Care & Social Assistance · New York
Four Winds, Inc. NY$42.1M · 0.36%
The Animal Medical Center NY$41.0M · 0.01%
Liveonny NY$40.7M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133273402 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.